Stag Industrial (STAG) Lowered to “Sell” at Zacks Investment Research

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Zacks Investment Research cut shares of Stag Industrial (NYSE:STAG) from a hold rating to a sell rating in a report issued on Tuesday.

According to Zacks, “STAG Industrial, Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG Industrial, Inc. is based in United States. “

Separately, Raymond James decreased their price objective on shares of Stag Industrial from $29.50 to $28.50 and set an outperform rating on the stock in a research report on Monday, November 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $28.25.

Shares of NYSE STAG opened at $26.75 on Tuesday. Stag Industrial has a 52 week low of $22.42 and a 52 week high of $29.07. The stock has a market capitalization of $2.86 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.38). Stag Industrial had a net margin of 14.96% and a return on equity of 3.74%. The business had revenue of $89.00 million during the quarter, compared to analysts’ expectations of $87.49 million. During the same period in the previous year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities research analysts predict that Stag Industrial will post 1.77 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a $0.118 dividend. This is an increase from Stag Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, November 29th. Stag Industrial’s dividend payout ratio (DPR) is presently 84.02%.

Large investors have recently made changes to their positions in the company. Aperio Group LLC acquired a new position in Stag Industrial in the second quarter worth $233,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Stag Industrial by 9.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 111,692 shares of the real estate investment trust’s stock worth $3,041,000 after acquiring an additional 9,375 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Stag Industrial by 8.1% during the second quarter. Commonwealth Equity Services LLC now owns 33,312 shares of the real estate investment trust’s stock worth $907,000 after buying an additional 2,490 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Stag Industrial by 10.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 100,301 shares of the real estate investment trust’s stock valued at $2,731,000 after purchasing an additional 9,609 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Stag Industrial in the second quarter valued at approximately $595,000. 83.61% of the stock is currently owned by institutional investors.

About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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